MarketSegmentation
1. By Product Type:
Compression Bonded Magnets
Injection Molded Bonded Magnets
Extrusion Bonded Magnets
Calendaring Bonded Magnets
2. By Application: Automotive Electrical & Electronics
Market Value
Market Size (2023): USD 627
million
Projected Market Size (2032):
USD 869.51 million
CAGR (2025–2032): 3.70%
Market Opportunities
Technological Advancement durable and efficient bonded Growing Demand in Automo use in electric and hybrid ve Expansion in Consumer Ele application in devices like sm Renewable Energy Applicati turbines and other green tec
Sample Report
Key Players/Stakeholders
Major Companies Leading the Industry:
Galaxy Magnetic
Beijing Zhong Ke San Huan Hi-Tech
Daido Electronics
Zhejiang Innuovo Magnetics
Yunsheng Company
Advanced Technology and Materials
Magsuper
Pinghu Geor Chi Electronics
Sample Report
Regional Analysis
North America: Estimated market size of USD 173.91 million in 2023, with a projected CAGR of 3.17% from 2025 to 2032.
Europe: Significant growth in countries like Germany, UK, France, Russia, and Italy.
Asia-Pacific: Major markets include China, Japan, South Korea, and India, driven by industrial growth and demand for consumer electronics.
South America: Emerging markets in Brazil and Argentina with increasing industrial applications.
Middle East and Africa: Growth in countries like Saudi Arabia, UAE, and Egypt due to infrastructure development.
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•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
